Texas Tech University

CNBC: Reverse Mortgages Aren't for the 'Stupid'

Alex Spanko

April 24, 2017

Reverse Mortgage Daily - Continuing its recent string of positive reporting on reverse mortgages, CNBC posted an article summarizing the new thinking behind Home Equity Conversion Mortgages last week - with the added caveat that the products aren't for the "stupid."

Osterland also includes a telling quote from a financial planner, who otherwise supports the use of Home Equity Conversion Mortgages as a responsible part of a larger retirement plan.

"The late-night ads are a really bad idea for the industry," planner and Texas Tech University professor John Salter told CNBC.

Read the story here.